Kuala Lumpur (PRWEB) January 18, 2012
Nextnation Communications Berhad ("Nextnation"), a leading mobile platform developer, today announced that it is entering into a head of agreement ("HOA") with PT Inovisi Infracom, Tbk ("Inovisi"), a publicly listed company on the Jakarta Stock Exchange ("JSE").
Under the terms of the HOA, Inovisi intends to contract and off-take purchase from Nextnation, mobile platform infrastructure hosting and maintenance services ("Project"). Key products to be purchased by Inovisi under the HOA include processing and hosting of IP interconnection offering IP services and IP bandwidth optimiser. The services serve more efficiently mobile Internet data packets at quicker and more consistent delivery through IP networks.
Inovisi will provide a minimum revenue guarantee of not less than USD22.5 million over an initial period of three years, with an option to extend for another three years based on performance. Nextnation's investment commitment for this Project is estimated at USD5 million, to be financed by a combination of internal and external funds, which includes bank borrowings or equity placements. The funds will be used for purchase of the relevant IT infrastructure and equipment to fulfil and deliver the contract. From this Project, Nextnation hopes to achieve accumulated profit contribution of about USD7 million over the initial period of three years.
The Inovisi contract ensures that Nextnation’s service offerings are dedicated handled and meet all of the competitive procurement requirements of the high growth and high speed mobile Internet space, especially for Inovisi’s Asia Pacific cloud services global customers.
"We continue to invest resources in aggressively growing our network and service portfolio, including in Asia Pacific, and believe Inovisi contracted work is a proof of our product capability represents the best option for Internet, telecommunications and data services in the area," said Andrew See, press spoke person at Nextnation. "Nextnation is thrilled to have been awarded this contract from Inovisi, and we look forward to serving its customers."
About Nextnation Communication Bhd
Nextnation Communication is a mobile application service provider, enables businesses and individuals to access, connect, and transact across today's complex global mobile networks. Its core product MINDCEP Platform is a mobile multimedia communication platform, facilitating and enabling mobile data transmission worldwide using WAP, MMS, SMS and Java technologies. MINDCEP is connected to some of the largest premium messaging networks in the world in order to offer a broad range of services from content distribution to mobile m-commerce and place the company at the forefront of this rapidly growing messaging market. Additional news and information about the company is available at http://www.nextnationnet.com
About PT Inovisi Infracom Tbk
Inovisi Infracom is a diversified infrastructure investment holding company in telecommunication, energy & resources, oil & gas, power electricity & engineering, mobile Internet, media and e-commerce businesses. The company provides enterprise-grade networking, communications and cloud solutions to business and carrier customers. Inovisi’s services serve to improve customer experience in ultra-speed data transmission, boost transaction success rate, and increase application reliability. Inovisi’s enterprise services include the system design, leasing or outsourcing and also selling of hardware, software and connectivity to its customers. Inovisi investment portfolio includes telecommunication infrastructure, social networking and communications, e-payment solutions, and online marketplaces. Company e-commerce recently extended into oil & gas, coal & mineral, industrial products and services. The Company other businesses includes mineral resources trading, geological research, and project management services. The company also provides power electricity and power plant engineering services, as well as independent power plant (IPP) consulting services. Investment division involves in project financing, seed and bridge investments as well as corporate M&A activities. For further information, visit the company’s web site at: http://www.inovisi.com